Forex Signals Brief March 4: Tariffs to Be Signed – Another Crash in Crypto and Stock Market Today?
Following a robust rebound on Friday, market sentiment was initially constructive however shortly turned bearish as considerations over financial development and tariffs resurfaced. U.S. financial knowledge highlighted these worries, and Trump’s announcement of a 20% tariff enhance on China bolstered investor fears.
Late within the day, heavy promoting strain hit threat property, the Canadian greenback (CAD), and the Mexican peso (MXN) after Trump acknowledged there was no room left for negotiation. Nevertheless, markets noticed a slight restoration when it was revealed that tariffs on Mexico and Canada weren’t but signed.
The U.S. inventory market suffered broad losses, with the tech-heavy Nasdaq taking the largest hit as a consequence of a pointy sell-off in semiconductor and e-commerce shares. Nvidia dropped 8.69% as buyers reassessed its valuation following a fast surge, whereas Intel fell 7.5% amid ongoing struggles towards dominant rivals like TSMC.
Amazon and Meta additionally noticed steep declines, including to the general weak spot within the tech sector. In the meantime, oil costs plunged $2.50 after OPEC+ introduced plans to progressively restore 2.2 million barrels per day in manufacturing over 2025 and 2026, additional pressuring the Canadian greenback.
In Europe, considerations grew over expansionary fiscal insurance policies linked to protection spending, whereas ongoing geopolitical tensions weighed on market sentiment. Cryptocurrencies additionally noticed a downturn after Trump’s current feedback a couple of Crypto Strategic Reserve over the weekend, which had initially sparked optimism. Nevertheless, at this time’s funding announcement targeted on TSMC’s $100 billion U.S. growth fairly than digital property.
GOLD continued its bullish pattern from late 2023, reaching new all-time highs above $2,956 earlier this week earlier than dealing with a pointy pullback. Regardless of the decline, gold stays in demand beneath each risk-on and risk-off circumstances. A key help degree close to $2,832 has emerged, and technical indicators recommend a possible rebound if shopping for curiosity strengthens.
At this time’s Market Expectations
The financial calendar is gentle at this time, other than some gentle knowledge from Australia. Nevertheless, the Tariffs will take middle stage at this time, and provides the value motion of current months, it means that inventory markets and cryptocurrencies would possibly see one other retreat. Or, maybe the selloff was all full yesterday and at this time we’d see a buy-the-fact situation. Nevertheless, it should stay to be seen how markets react within the US session.
Yesterday the volatility was immense within the crypto and inventory markets, whereas sure foreign exchange pairs weren’t left behind and crude Oil. Consequently, we opened many buying and selling alerts and ended the day will 12 closed trades throughout all markets. We had 9 successful forex signals and three dropping ones, giving us a 75%-25% win/loss ratio.
Gold Returns to $2,900 After the Dive
Gold continued its bullish pattern from late 2023, reaching new all-time highs above $2,956 in February earlier than dealing with a pointy pullback. Regardless of the decline, gold stays in demand beneath each risk-on and risk-off circumstances. A key help degree close to $2,832 has emerged, and technical indicators indicated a possible rebound which got here yesterday, as shopping for curiosity strengthens.knowledge:;base64,
XAU/USD – H4 Chart
EUR/USD Bounces Off the 50 Every day SMA
Within the foreign exchange market, EUR/USD is dealing with downward strain as merchants brace for brand new U.S. tariffs set to take impact tomorrow. These tariffs are anticipated to strengthen the U.S. greenback whereas additional weakening the euro. In the meantime, the European Central Financial institution is extensively anticipated to chop rates of interest by 25 foundation factors, from 2.90% to 2.65%, marking its sixth charge minimize since final 12 months. The euro has struggled towards the greenback since October 2023, falling under 1.02 in early 2025 earlier than briefly recovering above 1.05. Nevertheless, final week noticed one other bearish reversal as consumers failed to keep up momentum however yesterday consumers returned, sending the value to 1.05 once more.knowledge:;base64,
EUR/USD – Every day Chart
Cryptocurrency Replace
Bitcoin Provides Again Sunday’s Features
BITCOIN stays beneath promoting strain after a unstable February. The BTC/USD pair broke under its 100-day SMA help at $90,000 and briefly rebounded from the 200-day SMA at $86,000. Nevertheless, renewed bearish strain has introduced it again to this vital degree. If it holds, a rebound is feasible, however a breakdown may push Bitcoin nearer to $80,000.knowledge:;base64,
BTC/USD – Every day chart
Ripple XRP Value heads Again Towards $2 After Failing at $3
XRP noticed a robust begin to the month, rallying practically 50% from Friday’s drop under $2, whereas Cardano (ADA) led the crypto market surge with a 200% achieve. The rally was fueled by Trump’s announcement of the Crypto Strategic Reserve, which boosted optimism about digital asset integration. Nevertheless, XRP failed to interrupt the $3 resistance degree, resulting in a pointy reversal under $2.50 and testing the $2.30 mark.knowledge:;base64,
